Probabilistic voting model: Difference between revisions

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The '''probabilistic voting theory''', also known as the '''probabilistic voting model''', is a [[voting theory]] developed by [[Assar Lindbeck]] and Jörgen Weibull, 1987, which has gradually replaced the [[median voter theory]], thanks to its ability to find an equilibrium in a multi-dimensional space. This theory represents a real break-through in the [[political economy]] literature and allowed to solve problems impossible to solve before. In fact, unlike the median voter theory, what drives the equilibrium policy is both the numerosity and the density of social groups and not the median position of voters on a preference scale. This difference allows to explain why social groups which have a great homogeneity of preferences are more politicalpolitically powerful than those whose preferences are dispersed.

==Applications==